I received a number of gift cards for the holidays, and I finally got around to start using some of them. Ah, that spa day was great! (Thanks to my husband for giving me such a thoughtful gift!)
I also received some gift cards for stores that I really don’t go to often, which I’ll discuss a little later.
I know most people get or receive gift cards, so I was curious to see if there was any information on how many people actually use them. I found some fascinating information from giftcards.com:
- Over $100 billion is spent on gift cards annually
- 93% of U.S. consumers purchase or receive a gift card annually
- Consumers spend an average of $213 per year on gift cards
- 72% of customers will spend more than the value of their card
- On average, the recipient will spend 20% more than their gift card value
- 90% of gift cards are used within the first 60 days
When it comes to unused gift cards, roughly $1 billion went unspent last year, according to marketwatch.com. That’s a lot of money!
According to usatoday.com, there are some things you can do with your unwanted gift cards:
- Regift it: Give the card to a family member or friend who could use it
- Sell it: There are many websites that will buy your unwanted gift cards. Just search “sell gift cards”
- Donate it: Give the gift card to a religious organization, food bank or school, or search for “donate gift cards”
I thought donating gift cards was a good idea, so I’m going to donate a few that I know I won’t use.
Did you receive or buy gift cards? What do you do with the ones you may not want? Let me know!
Thanks, and have a great day!